Albioma has acquired the La Granaudière wood pellet production plant in Quebec.
The plant has been out of service since July last year but is due to be recommissioned in early 2022, with its nominal annual production capacity of 200,000 tonnes being achieved following additional investments.
The transaction will diversify Albioma’s sources of sustainable biomass supplies, supplementing the existing portfolio of contracts with ‘top-tier’ international suppliers.
Ideally positioned to supply Albioma’s Caribbean power plants, the La Granaudière plant produces SBP-certified pellets from wood waste or low-grade wood from certified, sustainability managed forests.
The acquisition also includes a long-term agreement granting access to a 45,000-tonne pellet storage facility in the Port of Quebec, as well as raw material supply guarantees issued by Quebec’s Ministry of Forests, Wildlife and Parks.
“We extend a warm welcome to the staff at La Granaudière, as they bring their expertise to Albioma,” said the company’s chairman and CEO, Frédéric Moyne.
“Through this transaction, which will enable us to produce pellets to very strict sustainability requirements, Albioma is renewing and stepping up its commitment to the energy transition in Overseas France.
“Supplementing locally-sourced biomass, to which priority will naturally be given in order to stimulate the circular economy, this diversified supply is essential, ensuring that we are able to continuously generate renewable energy in non-interconnected areas.”